💬hangout

[deft crater]

ayo level me up to

!level

!rank

🤣

[winter widget]

@hushed tartan has earned the Lux Level 1 role!

<@!359152233864232962> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[deft crater]

WFF

WTF

[deep trout]

Damn you fancy

[jolly grove]

!level

How do you check @hushed tartan 😅

[feral ravine]

Too*

[frozen shell]

Lmaoooo

[spare kayak]

😆

[jolly grove]

@spare kayak I just tried to put away the butterfly from my screen 😂 that’s so 3D

[winter widget]

@jolly grove has earned the Lux Level 1 role!

<@!969744926952792074> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[deft crater]

!help

[winter widget]

@deft crater has earned the Lux Level 1 role!

<@!822103990660497418> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[hidden moss]

🚫 03, you can't use that.

[deft crater]

ayyyy

[frozen shell]

Ayyyy there it goes

[jolly grove]

😂😂

[spare kayak]

hahaha lol

great strategies!!

[jolly grove]

Did that happen because of that command ?

[valid willow]

So much leveling up going on in here lol

[frozen shell]

Lux.algo was trolling him

[spare kayak]

😦 im level 0

[deft crater]

y’all funny af

[deep trout]

How do I level up?

[jolly grove]

You press 1

[deep trout]

1

[jolly grove]

😂😂

[frozen shell]

Being active on here

[jolly grove]

Sorry

[deft crater]

type !rankmeup

[deft crater]

@deep trout

[deep trout]

!rankmeup

[amber stream]

is this luna ?

luna wen moon ?

[deep trout]

Nothing happened

[deft crater]

🤣

[deft crater]

MF

that’s my webull

[deep trout]

Story of my life

[deft crater]

not kucoin

luna was 100x

[frozen shell]

That’s his p/l

[deft crater]

100x off $4🤣

[frozen shell]

Holy shit

[jolly grove]

That was great

[frozen shell]

Yo how can I get alt coins in nyc

[deft crater]

i’m in jersey

[frozen shell]

They won’t let me use my parents Florida address

[deft crater]

i use kucoin

no kyc

who hacking my discord my shit lagging

@amber stream

u?

!report

[vocal scroll]

Margin of error 2 days not bad for the information I had. Funny thing was I going to predict another teaser or update on V5 for the 23rd but turns out that was the actual launch. Cheers to the devs https://twitter.com/LuxAlgo/status/1527025500719304706

Ο χρήστης Lux Algo™ στο Twitter

👀👀👀

Twitter · May 18, 2022, 8:37 PM

[thin trail]

legendary hahahah

cheers! ❤️

[deft crater]

@vocal scroll make v6 prediction

[amber stream]

me full port

[frozen shell]

@amber stream @deft crater do you guys hold overnight if the setup was good going into end of day

[amber stream]

sell

sell sell sell

the srock market right now is ass

[frozen shell]

Like for example at like 3:55 the all green popped up on qqq

[amber stream]

u dont care what happen

u sell

[frozen shell]

Wait till am

[amber stream]

best bet

start fresh tomorrow

[frozen shell]

K

I agree the market is shit, take all profits and run

[amber stream]

trust me as much i wish stock market was like before where u can easily swing

overnight

[frozen shell]

Don’t have any trust in the market now

[amber stream]

no it’s a crypto shit show

and u know why the stock market is shit ?

[frozen shell]

I want to trade at night but nyc has shitty crypto and I can’t figure out how to get options

[amber stream]

ever since that gme incident, more and more degen and uneducated amateur traders

get lure in

[plain estuary]

There’s no going broke in taking profit. I like this saying

[amber stream]

and make the market super volatile

its basically crypto at this point

[frozen shell]

lol

[amber stream]

webull ? think or swim ??

hello

research my guy

[frozen shell]

I had a feeling when gme became a meme stock that it would ruin all the actual good stocks and it did

[frozen shell]

I use Robinhood, and Webull

[amber stream]

ever since gme amateur traders (no offense) think its a get rich quick scheme

[frozen shell]

Problem is nothing good available in nyc a lot of coins not available and brokers can’t operate here

[deft crater]

rarely ever; i like scalping / day trading ONLY time i’ll ever swing if it’s runners that are already up 200%+

market can die one day and gap up next day so i don’t rlly like swinging

[frozen shell]

Options are so quick to make a few bucks if you aren’t greedy

I’m starting to notice

[amber stream]

oh it is, but once u play it u’ll know

[vocal scroll]

Most likely sometime 2023 I need more data points but for now I'll make a bold claim and say BTC to 100k before V6 😂

[amber stream]

ur greed take over

trust

ive seen people talking about morals taking profit and shit

and losing $50k bagholding

when it was green

[frozen shell]

I’ve done it already

Lol

Like a dick

It’s a learning experience

It’s all about hopping back on the saddle. I didn’t have to loose it all but I wasn’t educated and kept thinking it would bounce back

I have more experience and an actual education in technical analysis swing trading, plus a few great communities like this, and lux algo

I think this time around it’ll be better

[amber stream]

for sure ive lost my fair share of money too i think almost everyone do

[marsh viper]

is the ultimate MACD (lux) giving us a bulish diverance on the dayly SPY chart?

[empty solar]

For sure 😎

[limpid mica]

Why this happens ?

[empty solar]

Which features are you using?

[elder flax]

For 1hr why do you autopilot short term than using optibot settings?

[limpid mica]

Lux algo premium

All premium indicators showing STUDY ERROR STUDY_NOT_AUTH

It's now working. 👍

[elder flax]

Do you use Heiken Ashi candles or regular candles and trade with extended trading hours enabled on both 5m and 1hr charts?

[sick scroll]

This signals are not accurate

Am not abel to acess new version 5 feature too

[analog onyx]

make sure to adjust your settings, alongside using other features

!update

[hidden moss]

To update Lux Algo Premium indicators, refresh your browser/app, remove the indicator from your chart, and then add it back to your chart + save your chart layout on TradingView.

Full guide: https://docs.luxalgo.com/lux-algo-premium-indicators/how-to-update

[analog onyx]

see above

[limpid mica]

How to use the lux algo premium ?

[main summit]

see here: https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo
a lot of useful info regarding our indicators can be found in the docs

[quaint briar]

Hello

[empty solar]

Hello 👍

[fallen lark]

i have to unsubsribe to lux even there a new v5 still losing money.. still more false signal.. 😭😭😭

[empty solar]

!strategies

[hidden moss]

Find our full trading strategies playlist on YouTube: https://www.youtube.com/watch?v=xezy6WGpZ8Y&list=PLbqCXsOfrM3MjO7q7uIiwoVq3evI4neQr

[empty solar]

Signals are for confirmation

False signals especially trend based ones are a part of life 😉

[frozen shell]

Game of probability

[old crow]

Indicators are green red, arrow up, arrow down, arrow sideways, or whatever, but someone had to click the buy/sell button, so we need to test, learn, retest, demo, and ask "why" did we click that buy/sell button. Once you honestly know the reason, then you can come to terms and get over it, and wait for the next set-up.

[onyx marsh]

I am having trouble understanding the lux profile. What are the right and left histograms?

Left is area shaded, right has columns

The purple one

What does it mean?

[empty solar]

Left area is volume based

Right area is volatility based?

[onyx marsh]

Odly enough, now it only shows the left side

[empty solar]

Do you have a screenshot?

[onyx marsh]

I am total noob, and am maybe a bit overwhelmed with all the new features and indicators... Can I please be the first to request some more YouTube shorts on the components?

[empty solar]

Absolutely; maybe a mini series; have you had a read of our docs at all?

[empty solar]

Or the videos

[empty solar]

There are 2 sides there no?

Left and right

[onyx marsh]

Now:

same chart

[empty solar]

Zoom out ☺️

It's just you're zoomed in

[onyx marsh]

tehehehehe

told you

noob

the documentation is great, but honestly I can barely read XD

will check it out

thank you

[crystal elk]

Anyone got any experience investing with the Revolut stocks and crypto tabs? Just got the account to have another and thought I'd see if theres any opinion here

[onyx marsh]

https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo/signals/
for the group

the docs are actually very thurough and helpful. I am a sucker for the spoon feed vids, but this is the way for sure. Thank you Gecko!

[empty solar]

Will work on the spoon fed docs 😎

*videos

[onyx marsh]

🙌

TY

[maiden crag]

Anyone have any advice for what time frame, sensitivity and agility I should use for btc scalping?? 👀 (I’m new 😅)

[analog onyx]

we have channels giving optimized settings for various ticker and timeframes, see #797529919499272224 for example 🙂

[maiden crag]

Oh, didn’t see those, ty

[hidden moss]

Also have a queston to the sesitivity and agility. There's the optibot channel, but also the dashboard gives me information -> optimal sensitivity. But they do not match.
Example for BTC 4h: The optibot says Sensitivity 26 and Agility 28 and the dashoboard says: optimal Sensitivity 35. 🤷🏽

[analog onyx]

the recommended sensitivity on the dashboard is based on the currently selected agility settings, they also do not use the same amount of past data to return the result, while optibot is more expensive to run while being more precise, the recommended sensitivity needs to be faster to execute 🙂 Hope this helps

[hidden moss]

So it makes sense to use the date from the optibot ?

what would u prefer?

shure, you're right

[warped nova]

Any thoughts guys on adding top option flow to Lux? I usually do well using top flow and predictive ranges

@analog onyx @empty solar

as an example

this was at 9:48

and middle Predictive Range was holding

so that gave me a good setup to go long

it would be great if I could just find that TSLA is in top bull option flow on the Lux chart

[hard pagoda]

I like this. i like this a lot

[nocturne hound]

I absolutely fukin love the lux reversal zones those r fuckin legendary dude

[peak zephyr]

they're bollinger bands

[empty solar]

Whatttttt

💀💀💀

We can make a bet 😎

If you can show them to be Bollinger bands; you win 1btc 😎😏

If they aren't BBs I win 1btc 😎

Everything we make is ground up math. Not based on anything. Not a mix of existing stuff

[analog onyx]

prepare yourself to give 1btc to @empty solar

😂

[empty solar]

I like my odds 😏

[old crow]

https://tenor.com/view/the-dark-knight-joker-batman-here-we-go-gif-3430376

[analog onyx]

I am familiar with the unusual activity/option flow tool, it would not be possible to make, could maybe be estimated to some extend but poorly, and would suffer from limitations, its very unfortunate 😦

[nocturne hound]

lmaaooo

[jolly flax]

It is Wednesday, my dudes.

[empty solar]

Turtle.

[warped nova]

Thanks for the response appreciate it

[upbeat garden]

anyone in here using cryptohopper?

[limpid mica]

Can anyone plz tell me how to use the indicator, means where to buy or sell and what are the perfect combination for perfect entry and exits, as i am new. Please help....

[thin trail]

!strategies

[hidden moss]

Find our full trading strategies playlist on YouTube: https://www.youtube.com/watch?v=xezy6WGpZ8Y&list=PLbqCXsOfrM3MjO7q7uIiwoVq3evI4neQr

[warped nova]

no such thing as "perfect" in trading

it all comes down to risk management

[thin trail]

^ full playlist here @limpid mica but yes @warped nova is right

[vital sage]

Does anyone here know much about order flow tables? Do they really make a difference?

[limpid mica]

I understood thanks for your help and suggestions 🙂 @thin trail @warped nova

[acoustic snow]

Hi admin why do some signals have exits n some dont? How can i make it consistently with exits?

[strange gale]

Hi , i am from India, can we take this fed minutes as positive or negative?, please let me know, i am holding put 🤒

[vague steppe]

Liquidity pivots are great

[thin trail]

certain conditions have to be met for exits to appear

you could lower sensitivity & zoom in more to achieve more exits, but it's not possible to guarantee exits every confirmation signal, that would be like guaranteeing 100% success rate haha

[tidal delta]

We have a confirmed BTC death cross on the 3H. I normally use this indicator as the end of a bear market. It usually takes 3-4 weeks to hit bottom and been from moving from 55%-45% down. In macro view we are in a different situation. Any thoughts?

[cedar halo]

Cmon smack… why don’t you have a perfect algorithm!? Thats just unacceptable.. kidding I love lux

[onyx marsh]

Have you considered adding optibot settings within the indicator? Meaning it would be autopilot most of the time, unless the optibot had the specifics. Would have to dynamically update with the ticker... But would be pretty cool 😎

[winter widget]

@onyx marsh has earned the Lux Level 1 role!

<@!818683995633090560> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[tidal delta]

I m too old-school, no one interested in death cross and end of a bear market?

Or do you just don't know what it is?

@thin trail Not even you?

[thin trail]

im aware of death crosses / golden crosses yes @tidal delta

could definitely see big death cross at end of bear market, sounds about right haha

classic

[strange gale]

Hi , i am from India, can we take this fed minutes as positive or negative?, please let me know, i am holding put thermometer_face

Hi , i am from India, can we take this fed minutes as positive or negative?, please let me know, i am holding put thermometer_face

Hi , i am from India, can we take this fed minutes as positive or negative?, please let me know, i am holding put

[tidal delta]

No, it's confirmed. That historical we only have 3-4 weeks to hit the bottom of the bear market

Should be good news

[upper rock]

Hi Admin, i have some ideas new features for next version of luxalgo indicator (if it's useful).
Required additional indicators to be added:

1. Easybands
2. Margin pressure levels .
   For clear understanding , i saw these in a youtube channel named cryptostakers, it may be helpful to build those features in our next version.

[strange gale]

Means market will go down for next one week,am i right?

[strange gale]

Please tell me, whether i should hold put or not for next week?

[old crow]

Only you can decided to hold or close out. 10 people will interpret the Fed minutes with 10 different opinions. I wish there was a crystal ball that would tell us, then we would all be billionaires

[thin trail]

noted thanks for the suggestion!

[amber stream]

u letting a bot algo tell u when to exit is completely wrong

[amber stream]

first off, paper trade the strategies they have !strategies. Second, lux algo literally have 99.99% winrate for me for the last 6 weeks well for the stock market idk about crypto. Literally 1 fakeout, its unbelievable and im not bsing.

!strategies

[hidden moss]

Find our full trading strategies playlist on YouTube: https://www.youtube.com/watch?v=xezy6WGpZ8Y&list=PLbqCXsOfrM3MjO7q7uIiwoVq3evI4neQr

[amber stream]

@fallen lark

test out the strat and refine it during live market hours and make ur plans lol

[thin trail]

Appreciated @amber stream doin gods work 🙌

[amber stream]

lux qqq 1.72 -> 5.25

u guys also doing god’s work

[thin trail]

🔥🤝

[thin trail]

cleannnn

love to see it m8

[amber stream]

yeah i know yall want to help people with this algo and it is fire but this algo is best used by more experienced traders lol

new traders need to also put in their work

@thin trail im doing a $1k to $100k challenge full port algo only rn

[thin trail]

naturally with time & experience it becomes more understood how trading tools are meant to be used, for us it’s a matter of ensuring that’s clear to people & providing the best stuff possible 🙂

👀

[amber stream]

legit, full porting has been my playstyle that’s why to avoid biggest risk while full porting i calculate my risk and minimize them as much as possible

using what i know for the sweet spot for option strikes and expiration etc

[warped nova]

I think the pain trade is a slow grind up. That would kill bulls with theta burn and bears in general

but I am often wrong

[amber stream]

also it’s actually $165 to $100k challenge lol i have experience enough to know to put in as small amount of money as possible and try to grow it

[warped nova]

I personally never use the signals although I think others have success with them

[amber stream]

im at $2k ish right now

after today

[amber stream]

because i have a full port play style and tendency, to avoid blowing up my port ive only put in $165 lol

[lost shore]

How much time do u usually take to make 10k from those 165

[amber stream]

idk ? depend on so many things lol

my previous $1k to $100k challenge took 2 months ish

12/17-2/11

this is also full port only challenge

u have got to know wtf u’re doing when u’re full porting lol

manage ur risk

[rotund flicker]

What app is this ?

[amber stream]

think or swim

[rotund flicker]

Thanks, I’m really considering switching to trade stocks over crypto

[lost shore]

You go all in?

[timber hinge]

it used to be had breakout zone.. i cant find it please help @thin trail

[amber stream]

my style

[lost shore]

Like that

[thin trail]

go to indicators —> invite only scripts —> Lux Algo SR & Patterns Premium

it’s in its own toolkit now

[amber stream]

but if u’re gonna play like that, put in the lowest possible amount of money lol

for qqq contracts they cost about $165-$280 for good ones so

[lost shore]

Mhm Im just thinking about it thks

[amber stream]

lol people think im crazy with full port style but then again i put in low low money and try to grow it

[timber hinge]

thank you

[amber stream]

and with very strict management

🤷‍♂️

[nocturne grove]

50-8k full port bb

[elder flax]

did you enter on this strong? but catcher is still red though

[amber stream]

candle close green candle with strong signal before, catcher tracer green and moving up instead of flat line

[elder flax]

appreciated! thanks @amber stream

[amber stream]

man just take the risk

test it out on paper trade

do ur own live testing

webull just has their option paper trade recently

its pretty good

[old crow]

Do you have multiple charts you use for higher time frame trend bias, and you enter on your lower 5min for a quick scalp going with the higher time frame charts? or you just have only one chart 5 min, you enter long/short as long as the trend tracer and catcher match, with the candle bar close color?

[amber stream]

no

5 min 10,21 and 5 min optibot5min

[amber stream]

yes

[amber stream]

side by side

[old crow]

ok cool

[amber stream]

i dont even care about higher timeframe for this stupid market state anyway

cant ever swing these days

just day trade

[elder flax]

I like how you keep things simple!

[spare kayak]

Yeah. Exactly! Totally agreed

[nocturne grove]

God remember our 15 min 1 hour charts haha

[amber stream]

we’ve been through a lot

[quaint briar]

hello guys how do i get my candle colouring back up on the new version ?

[frozen shell]

In settings they have the option hang in I’ll send you a screenshot

[quaint briar]

thank you

[frozen shell]

I assume that’s what you meant

[thin trail]

@quaint briar ^ this is for candle coloring

if you want the old Candle Modes, see #🆕new-indicators

[quaint briar]

thank you very much

[limpid lake]

And what crypto you traded?

[amber stream]

stock option

[polar terrace]

sup guys

im new here

just wondering which timeframe should i use

for more accurate signals?

[limpid lake]

And 20% on price drop or your investment for loss?

[amber stream]

20% loss on my investment

[limpid lake]

Ok thanks will try to make a formula for myself when i need to put loss/limit. 😎

[old crow]

👉 Anyone trade the TAKI ASHI candle sticks successfully on a consistent basis? Interesting concept and just curious on strategies that others use 👈

[quaint briar]

Hey guys

Am I able to change the colour of this ?

Price range

[tidal delta]

Good morning folks. You do know that we have our own support channel right.

[tidal delta]

You can change it in tradingview settings.

[winter widget]

@tidal delta has earned the Lux Level 2 role!

<@!905250259935060068> just levelled up

Welcome to the Lux Level 2 role! Thank you for being an active member of the Lux Algo community <3

[quaint briar]

I can find where can you show me please

[quaint briar]

cant*

[tidal delta]

Open chart settings, choose symbol and there you find last priceline. I have mine mixed red/green.

[tender bison]

hi guys, is there a way i can notify tp/sl from the indicator in tradingview?

[empty solar]

You can; those are available as plots 👍

[tender bison]

ok, how can i set up plots in trading view? i'm a bit noob with the interface

[empty solar]

https://youtu.be/Im_GRDSVfXk

This 8m video will teach you everything 😎

It's a good one

[tender bison]

Thank you very much! i'll start with it for sure

[tender bison]

Ok, so i saw it and i searched more information about it. It was useful beacuse i could manage to find out where TP1 and SL1 where. But how can i for example, notify tp1 and sl1 after a buy or sell?

[limpid lake]

I need help out, when i put loss/limit on crypto it was fallen, but mine crypto was not sold, maybe I'm doing something wrong? Can someone help me witht his one?

[jovial cypress]

10 21 is signal setting?

[old crow]

Is this TV?

[vocal scroll]

Looks like Bybit to me

[limpid lake]

Binance

[old crow]

Have you chatted with the Binance support on this? Was it a glitch on their end?

[winged cipher]

lux is not working?

nvm it is good now

[hidden moss]

thoughts about solana rn?

[grave cove]

Question: When there's a buy/sell signal (that little blue or red "X")... Is it possible that that's Lux Algo's algorithm signaling that, specifically, a reversal pattern of candles has been detected?

[empty solar]

The x's are exit signals suggesting a reversal may occur

So good to exit a position

Wouldn't be pattern based though

[grave cove]

Okay, I gotcha. Is there anything within Lux Algo that provides signals based on chart patterns indicating reversals?

[empty solar]

Patterns not really unless you're looking at pattern detection 😉

Patterns are kind of janky little things

[grave cove]

I'm sorry, I mean... Candle patterns. So tops and bottoms can be sniffed out.

[empty solar]

Candle patterns for spotting reversals are actually quite iffy so we use other methods; you'll notice exit siganls / contrairans are very nice 😄

But those are built into TV

[warped nova]

TSLA same pattern as yesterday. Pivot Predictive Range holds, TSLA becomes top bull option flow, then lift off

[grave cove]

Sorry, but what's "TV"?

Btw: Thanks for your insights. I love how responsive you guys are. 🤘

[elfin cargo]

Trading View

[empty solar]

TradingView ^ 😄

[elfin cargo]

Hey, is it worth it to pay more for TV to have "extra market data"? If yes, which market?

Luna's chart is erased from my TV and no longer onto FTX. Looks like the coin is dead...

[old crow]

I got the TV Premium, because I wanted that "Premium" badge next to my TV profile name 🤣

fact

[old crow]

Luna, stupid $100 gamble bet I made 2 weeks ago on Voyager app, its now at $35, but it was about $24 a few days ago 🤣

[median wadi]

Woohoo I made it

Finally got Lux Algo

[empty solar]

Welcome aboard Mr Pepe 😎😎😎

[median wadi]

Thank you! oh can I change my username for trading view

i emailed them to see if i can but if they allow me can i change it for lux?

[empty solar]

They can if you emailed 🤝🤝🤝

[median wadi]

Ok let me start learning how to do this lol

Just turned 18 so i've been waiting for this moment for a while

[empty solar]

Happy birthday Mr Pepe 😎😎😎

[median wadi]

[amber stream]

ayo

[twin mulch]

Hi all. Just waiting on GBPUSD to fall as per the 8min H&S.

My question is: Does the Lux Algo BUY and the cross of the trend line invalidate the H&S?

[median wadi]

Woohoo tradingview allowed my username change! best birthday eva

[dim oyster]

best settings for lux anyone

[warped nova]

all depends upon your trading strategy

[umbral tide]

beginner settings for BTCUSDT in 15m? thanks

I am using both Contrarian+exit and Trend Tracer..I wonder if that's fine?

[median wadi]

Hey so does anyone know if webull alows trading view?

[umbral tide]

I just entered my first trade..I feel like riding a rollercoaster 😄

[median wadi]

Congrats

[umbral tide]

thank you sir and goodluck to us!

[median wadi]

I'm about to start my first trade soon haha. I'mlooking for the right stock

[mossy lichen]

Lux team .... whats the smart money percentage based on?

[empty solar]

Shalens hypothesis 😎

[mossy lichen]

any video that explains it 😅

[empty solar]

Currently not I'm afraid, it's a very niche thing but we can get more details on it?

[mossy lichen]

yes please

[sharp pendant]

Contrarian are more advanced

[vague steppe]

Liquidity pivots are really nice breakout signals when paired with momentum and volume. Specifically looking at ES_F

[nocturne hound]

when you guys use support and resistance, do you wait for the signal to show then trade, or do you wait for it to hit support or resistance first and trade b4 u get a signal

[clever stag]

any good indicator and set up for 1 min and 5 min scalping?

[old crow]

I think the LuxAlgo Premium is the 💣

[empty solar]

👑👑👑

[median wadi]

i have dark mode on & i was like wtf is that

So if u can see that, then that means u have light mode on..

https://tenor.com/view/discord-light-mode-gif-19503048

[grave ocean]

true

[old crow]

I have dark mode and I can see the 💣

[tacit marlin]

Anyone messed around with any settings for nas100?

[hidden moss]

Hey everyone. I used to use LUX for awhile but drifted away. After another algo I was trying and the mentor made me feel we were going to drop like a rock on ES at open I decided to come back. Backtesting lux shows that even the 1m screamed buy at open.

I’ve had a rough two days which has led to a rough week. Lots of stress and fear to battle

[upper widget]

evening mate

welcome back

first advice would be to forget about the 1m TF

dangerous and misleading most of the times

[amber stream]

stick with 5 min

[hidden moss]

I tend to scalp off of the 3/5 but I was just curious about the 1 out of curiosity for backtesting

[median wadi]

Ah wait I can see it now

I only see it on my iPhone tho cause of apple emojis

Discord emojis makes the blob great

Greg

Grey

Goddamn auto correct

[old crow]

taki-ashi growing on me 🤷‍♂️

[sharp ferry]

Anyone on Contrarian mode selling options? How do you find your desired strike price?

[amber stream]

strike for what ticker ?

[austere smelt]

hello guys does lux algo has trading strategy sample?

[empty solar]

!strategies

[hidden moss]

Find our full trading strategies playlist on YouTube: https://www.youtube.com/watch?v=xezy6WGpZ8Y&list=PLbqCXsOfrM3MjO7q7uIiwoVq3evI4neQr

[winter widget]

@empty solar has earned the Lux Ultimate role!

<@!456590452703887373> just levelled up

Welcome to the Lux Ultimate role! Thank you for being an active member of the Lux Algo community <3

[sharp ferry]

How about any ticker in general?

[amber stream]

for option buy strike closer itm is ur best bet

dont be cheap and buy far otm strike

more than likely those wont turn into profit for u

they’re cheap for a reason

for weekly 1-2 strike otm is fine

for 0dte i prefer 1 strike itm

[elder flax]

Which one do you find better liquidity pivots or breakout zones? and why?

[jovial sleet]

does anyone know what the purple bar indictaors mean

is it mean "transitioning to buy or sell"

[empty solar]

It means ranging or unconfirmed trend 👍

[chrome fossil]

Hi all

[empty solar]

Hi 😎☺️

[swift vortex]

Hello guyyss

so. im new into the trading bizz. so i was wondering. what would be the best if i just wanna go 15 min frames. with the lux algo 5.0

[empty solar]

Welcome

☺️

!strategies

[hidden moss]

Find our full trading strategies playlist on YouTube: https://www.youtube.com/watch?v=xezy6WGpZ8Y&list=PLbqCXsOfrM3MjO7q7uIiwoVq3evI4neQr

[empty solar]

Check this playlist out for sure

This should very much help

[onyx marsh]

Can someone help me understand why the optibot settings for GME and AMC are exactly the same?

[empty solar]

Purely coincidental

[swift vortex]

i saw in another channel where you have an indication for limit and lost automatically from the indicator. but i cant seem to find it

[onyx marsh]

Optibot seeing Moon soon in both I guess? 🙃🤞

I would love to have short interest data built into the premium toolkit

Is there any feature for showing short interest right now on the kit that I am missing?

[empty solar]

A TP?

[empty solar]

Currently not I'm afraid

[foggy yew]

Hi guys just bought in

Nice to meet you guys

Any tips for beginner like me ?

[swift vortex]

yeah, where it showed a list of options where you can set your TP

[sharp pendant]

@empty solar Just DM’d you 😊

[empty solar]

Welcome ☺️

[empty solar]

That's under advanced settings

[empty solar]

!docs

[hidden moss]

Learn about every aspect of Lux Algo at: https://docs.luxalgo.com

[empty solar]

I'd suggest starting with a read ☺️

[swift vortex]

okayyy

[rare junco]

always see you blushing 😀

[swift vortex]

now i know theres preferences. do i just wait till i see a confirmation buy or sell?

[empty solar]

You can do but try not to blindly enter 👍

[onyx marsh]

Short interest scheduled for v6 release? I think you could capture a lot more of the ortex crowd if you offered

I love lux algo, and want to get rid of all my other services lol

Options analysis is another opportunity for ta that not many are taking advantage of

Just some thoughts from a client very serious about understanding the bigger picture

😊

[empty solar]

Just that sort of data in TradingView isn't too hmmm flexible

It would be a specialist script

Something we'd do in #🆕new-indicators

Rather than a premium 😎

Can see what we will do

[onyx marsh]

Cool! Thank you

Does the new sr & patterns identify harmonic patterns? Bat, shark etc...

[civic blade]

@hollow hazelhi @empty solar ...i used the optimal sensitivty value (which was 23 the whole day) on the nifty index today .... i did not get any strong confirmations...... so i did nothing...however i lost to pick up somewer around 80 odd points

[foggy yew]

Anyone can share with me a good set up for the indicator ?

[civic blade]

@empty solar same case with aex....optimal senstivity 18 ... no signal ....

[empty solar]

Nope we have that in #🆕new-indicators

[empty solar]

More is not better

More is worse

In most cases

If you want more signals reduce sens

But more signals isn't what someone normally would want

[civic blade]

ii know...but then lesser the no , more the signals , lesser reliability right ?

[civic blade]

by more do u mean the greater sentivity no. ??

[empty solar]

Lower means more signals 👍

[empty solar]

More signals meant more frictional costs

And implies a market that's changing directions frequently

[swift vortex]

but question is. if you lower your sensitivity say 5-10 for short term. what do you put for agility

[empty solar]

You leave it 👍

No need to touch

Unless using optibot

[swift vortex]

what is the default for the agility then? because i changed it to match the optibot. but for the 5mins. its set to 39 for sens. for some reason

[hidden moss]

26

[empty solar]

Yep

Or in the bottom left of settings

Drop down

Reset to default

[swift vortex]

thanks

[hot dirge]

@empty solar when's your next analysis videooooooooooooooooo

all your faithful followers are eagerly waiting

we'll be the next renaissance technologies

[swift vortex]

what would be better. contrarian or confirmation?

[median wadi]

the optibot updates everyday right?

[twin mulch]

Yes. In about 52 minutes

[median wadi]

ok cool

[elfin cargo]

A question: on Trading View, do you pay for "extra maket data" or the default plan is good enough?

[median wadi]

wait its just posted

[twin mulch]

Yes, sorry, just noticed myself it seems to be 14:09 GMT+1

9 mins after NYSE open?

[median wadi]

market opens at 9:30 est for me

in abt 15 min

[empty solar]

Soon sir 😎

[empty solar]

They are different types of signals; depends on your style, strategies and how you use them

[empty solar]

Default is fine for more assets

[vocal dirge]

What’s up I forgot how to add time frame confirmation for indices and fx again. Do you mind giving me the info again

[empty solar]

What exactly do you mean by add time frame? ☺️

[vocal dirge]

You know how it says DJI bearish 4hr or 2hr ?

[wind bay]

https://www.youtube.com/watch?v=kORTyD2qFUk

lUX algo🔥

[elder dune]

Scam correct?

[empty solar]

Big scam 😎

[hidden moss]

What is an optimal setting on ES? I currently have the autopilot set and scalp off of the 1/3/5m tf

[empty solar]

!settings

[hidden moss]

Everything you need to know on optimizing signal settings: https://docs.luxalgo.com/lux-algo-premium-indicators/lux-algo/signal-settings

[hidden moss]

Thanks

[old crow]

Whats going on here? 🤣 Quick scalps and be done for the day, right?

[warped nova]

@empty solarhey how you doing?

I wanted to point something out

This is TSLA 5 minute on my desktop from yesterday

This is TSLA 5 minute on my phone from yesterday

Here is a closer shot

I'm getting different predictive ranges on my phone vs. desktop. Any idea why?

@analog onyx

can confirm the settings are the same

[old crow]

Hmmmm, they look the same? The range levels, mid orange and blue levels are the same levels, unless your talking about something else?

[hidden moss]

How do you turn on the predictive ranges? I used them before the new update and really liked them

[old crow]

It’s now in a separate Lux indicator, S/R and Patterns…

[analog onyx]

They might be the same indeed, as there isn't a way to explain how they could be different on different devices, I could not really direct to an explanation in this case, will do further research.

[warped nova]

no, the day starts off at above R1 on the desktop

on the phone the day starts off below pivot

Desktop

phone

@analog onyx

[hidden moss]

Thank you!! I loved those levels

[warped nova]

Here is today's 5 minute PR on desktop

And here is on mobile

@analog onyx odd isn't it?

Here are the mobile settings

and here is desktop

[analog onyx]

is it a different layout? or the same?

[old crow]

I just checked my desktop and phone, both mine are the same levels and candles/price bars located in the correct spot on both phone/desktop

[warped nova]

holy cow

[old crow]

Agree 👍

[warped nova]

I just reset my internet and now they are both the same

weird as hell

the desktop ended up matching the phone

[umbral tide]

mobile tradingview alerts only work when mobile app is open?

for iOS

[old crow]

All premium members get an Apple Watch❓(joking)😆

[analog onyx]

its still strange, but it might be a defect of the mobile app, god knows how bugy it is sometimes. Will still investigate.

[analog onyx]

working on it 👀

[fiery gale]

Hi guys. Has a anyone used or do u know if btcswap24 is legit?

[twin mulch]

It's kinda legit but why risk it. Stick with kucoin, binance etc. If it looks too good to be true, it usually is

[fiery gale]

Yeah. I was skeptical too

This what happened

1. Received a message from a legit person i know from a website

2. That website collaboration with btcswap24.

3. There a lottery. I won.

4. I just logged on btcswap24 and input the code

5. I received my winning btc from lottery.

6. But i need to deposit $500 for verification to withdraw the winning btc

I never encountered a scam like this before. Is the scam really that advanced now? Knew website i used. They give u winning code. Input it and receive winning btc

[old crow]

The scam tip-off is that you were required to make deposit first, HELL NO, ALL BS

[fiery gale]

Exactly

[twin mulch]

1. It probably wasn't; it was spoofed.
2. Scam

[fiery gale]

I stopped right there

[twin mulch]

3. Lottery. My arse. Have you googled that amount - it's the same for everyone.

[fiery gale]

All info i used fakes

[twin mulch]

4. Try logging into btcswap24 from a clean browser other than the one you used. Enter any code.

6. Scam

5. You received nothing.

[old crow]

I will only deposit 1 Luna coin (todays value) to get my lottery winnings 🤣

[twin mulch]

In that order 🤣

[twin mulch]

Did you log in and "Sing up". lols

[fiery gale]

Yes. From a separate computer that i dont use

All info used was fakes

[old crow]

https://tenor.com/view/laptop-breaking-stressed-so-done-not-having-it-gif-5081593

[fiery gale]

Was trying out to have fun

[twin mulch]

Send me your wallet address and private key and I'll deposit 0.44BTC for you so you don't feel robbed.

You deserve some compensation. Let me do it for you.

[warped nova]

these are obviously scams

[fiery gale]

Haha

U joking Mrpike

?

[twin mulch]

Of course I am. Please don't send anyone your private key. The clue is in the name 🤣

[fiery gale]

But thanks for everyone input. I have to be more on guard more with these scams

[hidden moss]

https://tenor.com/view/paint-dry-pun-lol-bath-gif-7874558

watching ES the past 30m

[amber stream]

[amber stream]

U have to read more about how to have ur own sensitivity + optibot so that u wont miss out on these moves

for example ive found that 10,21 is amazing for QQQ (stock) for scalp or catch earlier entry on possible break out

I would take ONLY the strong 100% setup however and will always have a “scalping” mindset when entering 10,21

until the setup also shows up on optibot, that’s when i hold my position longer

[hidden moss]

so did you find the 10,21 from experimentation or what

[twin mulch]

Who cares. I've back tested it to hell and back today and it looks great.

I think that's what you have to do. Learn the strategy, apply it, and understand it through using it.

[amber stream]

it was optibot for one day

and i really liked it so i remember the sensitivity

[twin mulch]

I think you have to try it for yourself. Like getting punched in the face.

You learn quickly to duck

[amber stream]

read up on the difference between lower and higher sensitivity and why they are what they are

so i start using both

there was one case that was a good example today

its not a fake out but yeah

strong buy BUT the catcher was red

tracer green

so not 100% setup

and look what happened to it

10,21 sens

tracer = crosses, catcher = line

[twin mulch]

How you guys trade on your phones is beyond me lol

[amber stream]

ill take that as a compliment

lol

[twin mulch]

I need 3 screens, coffee and glasses

[amber stream]

anyway, backtest it AND also live test it during market hours

and u’ll see how insanely accurate the 100% setup is

whether its 10,21 or optibot

[twin mulch]

YES live test it. Balls to play money. Put some skin in the game. You learn quicker that way

[amber stream]

its 99.99% for the last 7 weeks now including this week

1 small fake out

and that was it

[amber stream]

i mean live test during market hours because sometimes the “strong” signal will disappear 20 seconds after it shows

or the tracer or catcher blinking color

so we really need to wait for candle close

if its 5 min chart then wait every 5 min

OR wait until the setup stays for sure

and yes i know some people are super skeptical of my strat and how insanely accurate it is

but my god

[twin mulch]

Thanks dude. You can't back test more than 23 hours because of the optibot refresh. My point is, if you're going to test something, put some skin in the game and make it real. Otherwise we're all virtual millionaires. We don't trade the same with real money as we do with play money

[amber stream]

test it and u’ll know

it is why i told yall to test it on paper account i dont care

and not follow me blindly

[twin mulch]

I say have a punt.

We're all gamblers at heart, lets be honest

I'll share a story. My wife booked us to go to a Snow Patrol concert in Liverpool, (UK). It was awesome. She had been at work early that morning so by the time we left the concert she was knackered. She fell asleep in the hotel room, I drummed my fingers and went to a local casino in chinatown. TLDR: Got pissed, amassed a huge pile of chips on roulette and fell asleep at tjhe table.

When I woke up, with chips sticking to my face, the croupier said "no more bets from you, you're drunk" (which I was).

I pushed all the chips onto the table with an "ALL ON RED" cry and.... lost

Left the casino £50 but I sill have both kidneys and my liver.

Moral of the story? Have a plan. Stick to it. Be methodical. Don't be a dick

[hidden moss]

Thank you so much. I’m going to read through this and backtest this weekend.

[winter widget]

@hidden moss has earned the Lux Level 1 role!

<@!796332943018164224> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[hidden moss]

I’m pretty new to backtesting, I mainly just test live, is there a preference that you use to backtest? Just rewind on TV?

[amber stream]

yeah rewind but i use heiken ashi candle and Tv doesnt support bar replay for heiken

[hidden moss]

I’ve never messed with Heiken. I’ve tried bars on and off, I kinda like how they pair with Lux but I feel I can see the price action better on candles

[amber stream]

so instead i would look back at past days with the correct optibot sensitivity + 10,21 for that day and then FIND where the signals fail

NOT when it hit but when it misses

[amber stream]

heiken is a super trend and it will help a lot

[hidden moss]

I mainly scalp the open, maybe I have something to explore this long weekend.

[amber stream]

it will show the major trend in that 5 minutes instead of wicking a lot

[hidden moss]

Based off of investopedia it seems that it can filter out the noise?

[amber stream]

oh yes

[amber stream]

exactly what i mean

[hidden moss]

Just did a quick Google search before bed

Interesting.

I used to know a seemingly good trader who used them

[amber stream]

not perfect but when paired with algo it is very good

on algo i used normal candle coloring

if there’s a weak Buy signal but later on

there’s a bright bright green candle on algo coloring

it means that the signal has turned into a STRONG BUY

3 scenerio and 3 types of candle happened this morning

1. BRIGHT GREEN = STRONG BUY

2. = purple and/or red/green with outline

purple = possible retracement for a continuation bullish move

as well as red with outline = small retracement (think of it as whales taking profit)

3. bright green BUT small candles = low volume small bullish push up = take it as scalp

expect 5-10% profit on those plays instead of big banger 50%+ profits

ALSO VERY IMPORTANT

WHEN TRACER AND CATCHER FLAT LINE AND LAY PARALLEL TO EACH OTHER

that more than likely means the market is choppy

or the market is RANGING

sometimes the RANGING market is big enough move that u can scalp a little bit

u dont need signal for these scalp. U just need to study where is the range, for example 302-306 for qqq

and literally buy calls when qqq come back down to near the “bottom” around 302 ish

and sell when it reaches near 306

OR 2nd scenario is when it is so choppy and the range is very small

its not even worth it to scalp

303-304 ish

so I highly recommend practice being patient and save ur buying power for big move (when it gives the signal)

[old crow]

You use Heinkin Ashi ?

[amber stream]

yes

for options being patient is key, so practice it

why ? because of theta decay

let me grow my $165 into $10k or $100k

to be proof of how good this algo is

the tool

$165 to $1 million qqq algo only full porting all the time

[old crow]

We believe 💪💎

[winter widget]

@old crow has earned the Lux Level 2 role!

<@!881016788702330900> just levelled up

Welcome to the Lux Level 2 role! Thank you for being an active member of the Lux Algo community <3

[amber stream]

why full porting ? because ive only put in $165 lol

and it is my playstyle, put and small amount and grow it by compounding

[elder flax]

So every day lapses the option decreases in extrinsic value from theta decay and then I should close position before market closes to avoid that?

[elder flax]

I like this style

All I put in is $500 and I’ll take it out as soon as I make 100% ROI

[amber stream]

in technical term yes

in braindead term

for 0dte be patient with ur entry

because theta decay is extremely high and quick

so usually for option people recommend buying time

say if u were to buy call at open on 0dte

the stock price is barely moving in the beginning

but near the end of the day it starts moving

the theta is already eating up much of the possible profit

had you wait when the move begins to happen, u would profit more because u avoided theta decay

[elder flax]

I suppose the algo will give me the signal when it’s or when it’s not moving like trend catcher and tracer? Just follow the algo don’t doubt and over complicate?

[amber stream]

are u afraid that it wont give u signal and u miss out on a move ?

that’s call fomo

market is here forever

u will always get ur opportunity

if algo give signal and 100% setup just play it

if it doesnt, best bet u dont look at chart and go to work

play game

or go study

[amber stream]

i used to be impatient and try playing the not 100% setup

and got burned

@deep trout after all that burn, I told jae to say NO every time im being impatient and tell my dumbass to wait for the setup

personally asked him to

[elder flax]

Yeah…pretty much still haven’t mastered overcoming that psychology but getting there since I’m here meeting you guys to learn to do that better day by day

I gotta do the same lollll want to hear NO from you all

[hidden moss]

What do you mean? like no gradient?

[tired wind]

Do you guys honestly get value from lux algo? I have been struggling to find a working strategy with it

If so, what are some of the strategies you use?

[old crow]

Yes I find there’s a lot of value for me, I also upgraded to lifetime after a couple of weeks of premium membership. Scalped 10.1 pips in forex yesterday by using Lux. Yes there is value for me here 💪

[tired wind]

whats your strategy?

[upper widget]

in order for somebody to help you with Algo, let us know what have you tried first. and how?

I sincerely doubt no strategy is working for you. most likely you applied it incorrectly and./or have not understood it in the first place

even those starting with Algo a few days ago had succesful trades

also, when you said struggle, how long are we talking about?

it took me a month of Paper Trading to understand strategies and what works for me

how much time did you spend on that?

[empty solar]

Normally the issue is people try and force rule based entries. These are very very hard to create. Rather than doing analysis for each trade

[tired wind]

I actually do rule based trading

maybe I should change that

[empty solar]

Yeah and that can be the issue often

[upper widget]

everybody is looking for a magic indicator, mate. instead of using properly all the tools Lux have

one of the greatest toolset I've seen so far

[tired wind]

I have tried a few different strategies. breakout zones, pattern recognition, and a few others

[empty solar]

Yeah take each trade as an individual analysis

That's my suggestion

The rule based ones are very very popular

Because they are attractive

[upper widget]

my suggestion is to forget about patterns in this market

[empty solar]

"follow this set of rules and make cash"

[upper widget]

too unpredictable

so you already eliminated 2 uncertainties

I would trade reversal in your shoes

[tired wind]

I'm for sure not trashing lux algo or anything. Obviously a lot of people like it, and I am very new to trading so a lot could be error on my end. Just trying to learn and get a better grasp of everything

[upper widget]

that's a good start

[empty solar]

Then absolutely take each trade as an individual

[upper widget]

something many don;t understand is that the choice if coins to trade is vital

if you focused on Bitshit, with what we see now, no indicator can help you

be smarter than the market makers and find the right one for you

[toxic chasm]

What coins does everyone reccommend

They all seem shit atm lol...

Or stocks?

[upper widget]

in your opinion, mate

[toxic chasm]

That's why I'm asking?

[upper widget]

saying they all seem shit means you have studied none

as you think of them as same

[tired wind]

Where would you guys recommend I start?

[old crow]

Load up LuxAlgo Premium, select presets Trend. This will turn on a few Trending features, indicators on your chart and possibly help you to not over trade a bit. Now following the signals. Some will work, some won’t. Now study the chart and find out why the ones that didn’t work. Start adding other indicators such as LuxAlgo Oscillator, this should help you further realize why some signals work and some don’t.

[upper widget]

read Micky's comment

although, the real start would be to understand the terms first, if they are completely unfamiliar to you

cause nobody can understand what Stochastic or MACD do, if they have no clue what they are

you following me? 🙂

[tired wind]

I have been trading for roughly 2 months, I am familiar with the common indicators

[upper widget]

great

so now you know the "language"

like any foreign language, vocabulary is first

[tired wind]

for the most part

[hidden moss]

Hello
I am just using lux algo, unfortunately I am losing the signal it gives
Can any of you help us?
Thanks

[upper widget]

now you need to learn how to make sentences: Lux Indicators

then, to master the new language, you will need grammar

[tired wind]

My trades have been pretty rough

[upper widget]

that's when you know what and when to combine to eliminate fake alerts and get the best out of your signals: confluences

example: is Lux saying BUY? yes

let's check Oscillator first

[empty solar]

Looks like the risk management is a little off but you have more winners than losers

[upper widget]

says BUY? yes, go to the next

what RSI saying? oops, is saying NO

then you stop

[tired wind]

isn't rsi a little delayed?

[upper widget]

there is no such thing as real time prediciton, mate

hope you understood that since you started trading

as for delays and timeframes to analyse, if for you to decide

my RSI for example is not 14, is 100 in length

why? because that one works FOR ME

[old crow]

Maybe your blindly following the signal’s without understanding why those signals are appearing. Don’t look at them if that is the case. Try to figure out your entry on your own. Example, very simple, take an entry in the same direction of the Neo cloud, trade tracer and trend catcher……just load up a chart, maybe a 15 min or 1hr or 4hr chart and look at all these entry points based on this. Then this may help you understand why you would or would not enter into a trade….after this, you can build around this, add other members techniques to your strategy, tweak it, massage it. Now you have your own strategy

[old crow]

Delayed or not delayed, that’s not the point. Load it up, now study the rsi on all the winning signals, then study the rsi on all the losing signals. Now what did you find out?

[tired wind]

regular rsi or the lux version?

[old crow]

Lux of course 😜

[empty solar]

🕺🏿💃🏼

[old crow]

Losing the signals?

[tired wind]

what am I looking for?

[upper widget]

if I put my APE chart, maybe you can see it better, mate:

[old crow]

Look at both the sell signals, based on rsi, I would not go short immediately, because the rsi was ALREADY pass the mid line or already at the lower line. A good scenario would be when the rsi is at the top line heading lower towards the midline and towards the lower line. YouTube rsi and how to use it

[upper widget]

is it much clearer now?

[tired wind]

yes

[upper widget]

and what trade you were supposed to take?

great, now go to study or check the charts again, you missed the pump 🙂

[elfin cargo]

Good morning all! Also slept through the pump 🙂

[old crow]

Look at the first Short, so we know the rsi was not good at that time, after that, when was the rsi at the top line and then turning down? Look at the chart and you go short on the retracement short, Boom, winner winner chicken dinner…

[tired wind]

Makes sense

[old crow]

Trying looking at other instruments instead of crypto, I know it’s all the craze and it’s sexy, but also very jumpy and dangerous for some traders. Try looking at indices or individual stocks. These may be a little less noise, and slower, may help you learn a bit. Then you can jump on the crypto wagon if you chose

[tired wind]

I see a buy signal when the rsi was overbought and it went the complete wrong direction

oversold*

[upper widget]

where is that?

draw it on the screenshot

[elfin cargo]

What you guys think of the new advanced RSI& I have a hard time using it as well as the good old one...

[upper widget]

I get you. so you under the impression that once a signal appears, you should enter trade

[old crow]

Trend tracer was red short, don’t take the long here

[upper widget]

WRONG

next 2 red candles are self explanatory

what you look at are trend signals

is the trend dead? not at all

so signals are correct

[tired wind]

Thats enough of a price drop to be liquidated

[upper widget]

of course, it's exactly what market makers are counting on

people like you

instead they have patience, observe, and fuck us all up exactly when we think we're doing the right thing

so first lesson to learn is this: PATIENCE

second is risk management and stop loss

third only is Technical Analysis

[cedar halo]

The first two are the most important I would rank them evenly

[upper widget]

correct

[cedar halo]

How many Accs I’ve blown is crazy

5-6 due to risk management

Only $600 but I’ve learned my lesson and am profitable now

[upper widget]

changing mindset is very difficult

[tired wind]

i have lost around 30k since starting

[upper widget]

everybody is entering this crypto market because they heard you can be a millionaire in one year 🙂

[cedar halo]

Ouchh

[upper widget]

and they lose all their life savings

[tired wind]

about 27k in one day

[upper widget]

see the recent Terra incident

[tired wind]

I was liquidated on luna actually

[upper widget]

$27K in one day, mate, that's exactly what I was talking about

[tired wind]

but it was a short position ;-;

[upper widget]

you the living proof, unfortunately

[tired wind]

a hard pullback wiped me out

[old crow]

You got the direction right, but risk management not so much

[upper widget]

while others like you were longing hoping to become rich

and both parties lost everything

[tired wind]

not my position at all

i dont care if i only make 2k a month

its the freedom that interests me

[upper widget]

lol. the magic of crypto 🙂

you should be happier with smaller profits on a daily basis rather than waiting for the jackpot

errors are costly

[tired wind]

I learned to not use my full account in trades and to use stop losses after that for sure

[old crow]

@tired wind take a look at this conversation from this Lux community to help you. This is the VALUE that I value the most from LuxAlgo

[upper widget]

wouldn't have been better to do full homework first? it's what I preach all day long

[elfin cargo]

Same here!

[upper widget]

Paper Trading, even for a few days, would've shown you how easy it is to lose all your money

and you would've started questioning the idea of no SL

[tired wind]

I did paper trading as well

[upper widget]

with or without SL?

[tired wind]

without

[upper widget]

there's your answer then

[tired wind]

I was actually profitable on paper trades lol

[swift vortex]

does paper trading only works if the markets are open?

[upper widget]

now if you tell me you were extra profitable while Paper Trading, it means I'm crazy lol

[upper widget]

works all the time, mate

it's a TV add-on

[tired wind]

not by a lot, but I didnt blow the account

[upper widget]

another lesson, do not move to leverage if not 100% sure with spot first

[tired wind]

i have always traded with 5x

[upper widget]

jokes aside now, your bad luck was in this case the choice of coins

nothing much you could've done

many had the same problem

I lost $3K because my short bot TP was only 50% and not set on ASAP

so when the first 50% was reached, no more deals

money gone overnight

but since then, worked my ideas, found a strategy that works for me, and recovered all amount of $3K. currently around $4K

so it's not impossible

[swift vortex]

i kinda wanna learn how to make money with crypto. but there's just so much coins. idk if i should do short or long terms. also. im in the state of hawaii and its not crypto friendly 😦

[upper widget]

tough job for you, mate

if you know nothing, not much we can do

[hidden moss]

I steer away from crypto until I am more stable in stocks. I trade soly ES/SPY

[tired wind]

I am too invested in crypto to turn back now

[old crow]

the entire USA i not crypto friendly, we are not allowed to day trade it, need to find offshore brokerage, if yu can trust one 🤣

[old crow]

Do yo mean you have alot in HODL? and DayTrading with LUX is something else? Or you wanted to use LUX to get out of your crypto HODL's?

[upper widget]

answer to 2nd question would be SHORTING spot. that should've been the daily motto since December last year 🙂

[tired wind]

all of my assets are in crypto

[upper widget]

and you shorted none so far?

[tired wind]

usdt

[old crow]

One last advise, zoom out on your chart, pick an instrument, crypto, spot stock, indices, whatever, load it up on a higher TF on a simple Lux template, if it looks beautiful, then start bringing your TF lower and see if you can start taking the signals with the "trend." This is a 4 hour chart, looks nice right? Now the next question your gonna ask me is, "what symbol is it?" Then Im gonna tell you, to search and find one on your own, thats part of the process in learning how to fish.... @tired wind

[upper widget]

can I answer? 😛

[upper widget]

so you hold devaluating assets all the way down to current levels

what is that telling you about your investment idea?

[old crow]

@upper widget we were all brain washed to dollar cost average down and HODL on 🤣

[tired wind]

I don't see how usdt is devaluating

[upper widget]

indeed we were

I figured it out at some point, that's how I escaped the madness

sold all assets

I realize I'm holding something that is worth less and less every day

and waiting for what? a miracle? :)))

[old crow]

Its crazy.....I dont have too much, and my DCA is not bad, my BTC is about $35k level-ish - oh well....

[old crow]

Your waiting for the feds to completely shut it down 🤣

[old crow]

This past month should be an eye opener, stable coins, not really stable, its just a label they slapped on it, but in reality, if you read the white-papers, it too can go to zero unfortunately...

[old crow]

very smart 💪

The phrase of the crypto past month: "Stable coin being un-pegged...."

Thats when the someone started to flush the toilet a few times in one sitting 🤣

[tired wind]

usdt isnt the same as luna though

[old crow]

didnt it get un-pegged for a second? a slight scare?

[tired wind]

usdt is backed by real fiat currency and luna was an algorithmic coin

[old crow]

honest question, if ustd is pegged at the USD $1, doesnt go up or down, then why hold the asset in your portfolio? what is the gain? honest question

[tired wind]

it dropped to 94 cents, thats the most it ever went down. I hold ustd for 2 reasons, its what i trade with in my futures account and you get decently high apy for staking it

[old crow]

True, I had USDC for 10-12% stake between Celsius and Crypto/com, until that went away (I live in the USA🤣 )

[tired wind]

better than a saving account at a bank

[old crow]

Unfortunately for us USA residents, these high stake earns are going away as the SEC Feds are putting the brakes on this until they get some sort of regulation pass, end of year or next, who knows

[tired wind]

I live in the USA also

But I use a vpn and use services that don't allow us users

[old crow]

Back to LUX, study your LUX charts inside and out. Call me crazy, but I stare at my charts every dam day, and add and delete the same indicators, and try other Lux features, over and over to see if I missed a clue somewhere before, then when I find that clue, light bulb turns on, and I add it to my strategy....

[tired wind]

I have been trying to stare at the charts attempting to learn but I can't seem to find a consistent strategy

[old crow]

Did you take a look at the last chart I posted for you?

[tired wind]

yes

[old crow]

#💬hangout message

[old crow]

Once you find something that is good to your eyes, that will be the start...

[tired wind]

I tried looking at high tf but it still seems just as inconsistent

[vague zenith]

Hi, I've joined today 🙂
I can only tell you how I am starting it

[upper widget]

welcome to the club

[tired wind]

Bybit has a feature where you can copy high win rate traders. about to just do that lol

[vague zenith]

I am having the 15 min charts open for BTC and I look at the buy/sell points that pop up
I've been measuring the past buy sell movements and seen that those moves are about true for up to 1%

[old crow]

higher TF is all relative, take for instance that 4hr chart I posted, looks easy right? but for a small account, trading on that 4hr is dangerous and any small pulls back really takes a toll on your small account and your stressed out. But if I was a millionaire, that 4hr chart is nothing, and no stress if I took that long and the short based on that chart. But im not a millionaire, so I bring down that chart to a 15 minute or 30 minute, which matches the account size I have, less stress, but need to be more careful and precise on entries...

[vague zenith]

so I am now trading with 50x leverage small dollar amounts to get profits with the 1% moves of the market

but I will try out and test with like 10 USD trades

isolated trades of course

[tired wind]

that much leverage is extremely risky for beginners

[upper widget]

you should know that paper Trading costs nothing if you want to test your strategies

:)))

no need to use 10USD with isolated

[vague zenith]

how can I do that?

on tradingview?

[upper widget]

as for the 50X, you should probably think it over

start small, mate, when you do. 3X a reasonable amount

[old crow]

TV has "PaperTrading" play account

[vague zenith]

for short term trading 3x isn't working

fee woult take out the profit

3x in my mind is like for swing

[upper widget]

how about spot for a change then? till you get them right?

but Paper Trading still better, as it's free

[vague zenith]

sure

[upper widget]

go to Trading Panel at the bottom and you will find Paper Trading there

free addon

[tired wind]

try using Bybit

it has really low fees for scalping

[vague zenith]

I am using bybit

[old crow]

If the fees wipe out your profits, then maybe find a different broker? find a different instrument? higher targets on an instrument that trends/moves further? or maybe forex since the fees are baked into the spreads?

[amber stream]

AYO

im here to help

[old crow]

FINALLY, he's awake!!!!!!!!!!!!!!!!

[amber stream]

US pst life